Employees are concerned about their personal finances, job security and benefits coverage, and you’re likely scrambling to alter strategies, change daily processes and adjust budgets to reflect the current reality.
While it’s a stressful time for all of us, this Jellyvision survey report shows that some employees have a brighter outlook than others. Specifically, factors like age, location, and industry play a major role in how concerned employees are about COVID-19’s impact on their financial situation, employment options and benefits.
Understanding these differences in financial stress levels and behaviors can help you make smarter decisions about which benefits plans are right for your organization, better communicate with your employees, and provide them with the support they need during this challenging time.
Findings Include:
- Nearly 1 in 2 employees are worried about their current financial situation
- 44% of employees are worried about getting furloughed or laid off in the next 12 months
- 59% of employees plan on paying more attention to employee benefits in the current climate
- Almost 4 in 10 employees who are able to save for retirement are now saving less
